The Lede

Washington Post, June 24, 2016--Premack, RachelBrexit happened. And one of the biggest effects on everyday Americans is how it will change mortgage interest rates. Mortgage Bankers Association Chief Economist Mike Fratantoni called it unclear whether it will be a short-term disruption or will have a longer-term impact. "Our best guess at this point is that the impact on the mortgage market will be to keep mortgage rates lower for longer, likely leading to another pickup in refinance activity," he said.

Reuters, June 24, 2016--Saphir, AnnBritain's vote to leave the European Union has thrown financial markets into turmoil and means the U.S. Federal Reserve's ambitions for two rate rises this year have been placed on hold.

National Mortgage Professional, June 24, 2016--Hall, Phil As the news that British voters opted to depart from the European Union in the Brexit vote, housing industry leaders on this side of the Atlantic are not particularly concerned that this historic event will create any damage in housing markets.

UExpress.com, June 24, 2016--Sichelman, Lew In 2015, independent mortgage lenders--those unaffiliated with larger banks or with the mortgage subsidiaries of chartered banks--earned an average of $1,189 in profit on each loan they originated, according to the Mortgage Bankers Association's annual performance report. But in the first quarter of this year, their net gain on each loan slipped to $825.

Wall Street Journal, June 24, 2016--Rubin, Richard A House Republican plan for revamping the tax code calls for lower marginal tax rates and structural changes designed to encourage domestic investment, simplify tax filing and disrupt existing business arrangements.

National Mortgage News, June 24, 2016--Eha, Brian Patrick Amid the runaway affordable-housing crisis, a longtime expert on the Community Reinvestment Act has rounded up 10 banks to invest in a $25 million fund that aims to encourage the development or rehabilitation of affordable single- and multi-family properties.

CNBC, June 24, 20166 Orders for long-lasting factory goods fell more sharply than expected in May, amid a huge drop in defense aircraft orders.

CNBC, June 24, 2016--Balakrishnan, Anita The Index of Consumer Sentiment hit 93.5 in June, the University of Michigan said Friday. Economists expected the index of consumer sentiment to hit 94 in June's final reading, down from 94.7 in May's final reading, according to a Thomson Reuters consensus estimate.

National Mortgage News, June 24, 2016--Collins, Brian Ginnie Mae surpassed Freddie Mac in total outstanding mortgage securities backed by single-family loans for the first time, according to researchers at the Urban Institute.

HousingWire, June 24, 2016--Lane, Ben Quicken's 1% down mortgage program isn't for everyone, as there are several stipulations and requirements, but a 1% down payment is still a 1% down payment.

Huffington Post, June 26, 2016--Lazar, Michael May marked a new, big month for HECM reverse mortgage securities, or HECM mortgage-backed securities. According to the most recent reports, $857 million in new pools were created during May alone, says a New View Advisors report.

New York Times, June 26, 2016--Goldstein, Matthew; Abrams, Rachel; Protess, Ben When the housing crisis sent the American economy to the brink of disaster in 2008, millions of people lost their homes. The banking system had failed homeowners and their families. New investors soon swept in--mainly private equity firms--promising to do better. But some of these new investors are repeating the mistakes that banks committed throughout the housing crisis.